Jack Kennedy Candy (JKC) has developed a new machine to make caramel. It can go into production for an initial investment of $5 million. The new machine will be depreciated straight line to zero over 4 years. At the end of year 5, the machine can be sold for $2 million. JKC believes the working capital required in each period will be 10% of the following year revenue. Revenues for each of the 5 years of the project are expected to be 4 million per year and expenses are expected to be 60% of revenues. The tax rate is 10% and the opportunity cost of capital is 10%. What is the NPV of buying and running the machine.